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Santee Cooper Board approves 2016 Budget


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MONCKS CORNER, S.C. – The Santee Cooper Board of Directors approved a $2.7 billion budget for 2016 today at its regular monthly meeting. The board also approved the 2017 and 2018 budgets for planning purposes.

The 2016 budget includes $1.8 billion for the electric system, $8.3 million for the water systems and $911.4 million for capital expenditures. Approximately 43% of the $1.8 billion electric system budget is allocated for fuel and purchased power. 

The $911.4 million for construction and capital equipment expenditures includes:

  • $643.2 million for construction of new nuclear generating units
  • $70.7 million for renewable generation and environmental control improvements
  • $197.5 million for the transmission and distribution systems and system-wide improvements


Santee Cooper is South Carolina's largest power provider, the largest Green Power generator and the ultimate source of electricity for 2 million people across the state. Through its low-cost, reliable and environmentally responsible electricity and water services, and through innovative partnerships and initiatives that attract and retain industry and jobs, Santee Cooper powers South Carolina. To learn more, visit